|
Report No. : |
343138 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PUNJ LLOYD LTD |
|
|
|
|
Registered Office : |
Al Furdan Tower, 18th Floor, C Ring Road, West Bay Area, PO
Box 31721 & 55174, Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Date of Incorporation : |
23.09.2008 |
|
|
|
|
Com. Reg. No.: |
32929 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged as general pipeline and construction contractors. |
|
|
|
|
No. of Employees : |
700 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow and Delayed |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
QATAR - ECONOMIC OVERVIEW
Qatar has prospered in the last several years with continued
high real GDP growth. GDP was driven largely by the oil and gas sector however
growth in the manufacturing, construction, and financial services sectors have
pushed the non-oil component to just over half of Qatar’s nominal GDP for the
first time since 2000. Economic policy is focused on sustaining Qatar's
nonassociated natural gas reserves and increasing private and foreign
investment in non-energy sectors, but oil and gas still account for roughly 92%
of export earnings, and 62% of government revenues. Oil and gas have made Qatar
the world's highest per-capita income country and the country with the lowest
unemployment. Proved oil reserves in excess of 25 billion barrels should enable
continued output at current levels for about 56 years. Qatar's proved reserves
of natural gas exceed 25 trillion cubic meters, about 13% of the world total
and third largest in the world. Qatar's successful 2022 World Cup bid is
accelerating large-scale infrastructure projects such as Qatar's metro system,
light rail system, the construction of a new port, roads, stadiums and related
sporting infrastructure. The new Hamad International Airport opened in mid-2014
with an initial annual passenger capacity of 24 million and with a projected 50
million when complete.
|
Source
: CIA |
Company Name :
PUNJ LLOYD LTD
Country of Origin :
Qatar
Legal Form :
Limited Liability Company
Registration Date :
23rd September 2008
Commercial Registration Number :
32929, Doha
Issued Capital :
QR 1,000,000
Paid up Capital :
QR 1,000,000
Total Workforce : 700
Activities :
General pipeline and construction contractors.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed :
Pardeep Mishra, Finance Manager
PUNJ LLOYD LTD
Registered &
Physical Address
Building :
Al Furdan Tower, 18th Floor
Street : C Ring Road
Area : West Bay
Area
PO Box : 31721 &
55174
Town : Doha
Country : Qatar
Telephone : (974) 44074555
/ 44906762
Facsimile : (974) 44906758
/ 44074500
Mobile : (974)
55578072
Email : pllme@punjlloyd.com
/ plldoha@punjlloyd.com
Premises
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Doha.
Name Position
Amit Jain Vice
President
Amit Hakoo Operations
Manager
Pardeep Mishra Finance Manager
Surya Nalli Procurement
Manager
Vikas Koshi Human
Resources Manager
H K Shuresh Shah Contract
Manager
Date of Establishment : 23rd
September 2008
Legal Form : Limited Liability
Company
Commercial Reg. No. : 32929, Doha
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Name of
Shareholder (s)
Punj Lloyd Ltd
New Delhi
India
Eurotech Project Development Co
Doha
Activities: Engaged as general pipeline and construction contractors.
Punj Lloyd has been awarded the Engineering,
Procurement, Installation and Commissioning of Strategic Gas Transmission
Project, worth US$ 800 million, from Qatar Petroleum. The project includes laying
of 211 km of pipeline with associated stations and infrastructure. The project
will transport 2000 MMSCFD1 of sweet lean gas from Ras Laffan to different
consumers via 36 inch diameter pipelines. Work on the project is expected to be
completed in 32 months.
Currently the subject is working on the installation of a poly silicon
plant for Qatar Solar Technology, the project is valued in the range of US$
700-800 million.
In addition subject has been working on SGTP projects, where the client
is Qatar Petroleum and the project is valued at US$ 800 million.
Subject has also secured another contract with (NDIA) New Doha
International Airport.
Subject is
currently engaged in the construction of Qatar Solar Technologie (QSTEC)
which is valued at US$ 724,250 and is due for completion in 2016.
Subject has a workforce of approximately 700 employees.
Companies registered in Qatar are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
Arab Bank Ltd
Al Saad Street
PO Box: 3058
Doha
Tel: (974) 44426555 / 44426560
Fax: (974) 44447218
No complaints regarding subject’s payments have been reported.
During the course of this investigation nothing detrimental was
uncovered regarding subject’s operating history or the manner in which payments
are fulfilled. As such the company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.